National Grid (NG) Stock Forecast & Price Target

GBX 983.20 -8.20 (-0.83%)

(As of 11/6/2024 ET)

National Grid - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 5 Analyst Ratings

Sell
0

Hold
1

Buy
4

Based on 5 Wall Street analysts who have issued ratings for National Grid in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 1 has given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for NG.

Consensus Price Target

GBX 1,181.25

According to the 5 analysts' twelve-month price targets for National Grid, the average price target is GBX 1,181.25. The highest price target for NG is GBX 1,330, while the lowest price target for NG is GBX 1,070. The average price target represents a forecasted upside of 20.14% from the current price of GBX 983.20.

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NG Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	GBX 1,181.25	GBX 1,218.33	GBX 1,238.75	GBX 1,155
Consensus Rating	Buy	Buy	Buy	Moderate Buy

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NG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

National Grid Stock vs. The Competition

Type	National Grid	Utilities Companies
Consensus Rating Score	3.00	2.51
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent NG News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/14/2024	Berenberg Bank 2 of 5 stars	Lower Target	Hold	GBX 1,150 ➝ GBX 1,070	+6.10%
9/16/2024	Citigroup 3 of 5 stars	Reiterated Rating	Top Pick
8/30/2024	JPMorgan Chase & Co. 3 of 5 stars	Reiterated Rating	Overweight	GBX 1,200	+21.02%
6/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform	GBX 1,125	+26.58%
4/19/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy	GBX 1,330	+29.13%
9/28/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	GBX 1,300	+32.28%
5/22/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold	GBX 1,100 ➝ GBX 1,080	-2.09%
1/19/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	GBX 960 ➝ GBX 1,050	+1.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:44 AM ET.

Should I Buy National Grid Stock? NG Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, October 26, 2024. Please send any questions or comments about these National Grid pros and cons to contact@marketbeat.com.

National Grid
Bull Case

Here are some ways that investors could benefit from investing in National Grid plc:

National Grid plc insider John Pettigrew has been consistently purchasing shares of the company, indicating confidence in its future performance. This can be seen as a positive signal for potential investors.
Analysts from Royal Bank of Canada and JPMorgan Chase & Co. have issued positive ratings and price targets for National Grid plc, suggesting a favorable outlook for the company's stock.
The company has a strong market cap of £48.50 billion, indicating stability and potential for growth in the future.
National Grid plc has a low beta of 0.25, which suggests that the stock is less volatile compared to the overall market, providing a level of stability for investors.
Despite recent fluctuations, the stock price of National Grid plc has shown resilience, with a fifty-two week high of GBX 1,145.50 ($14.99) as of today's date, potentially offering capital appreciation opportunities for investors.

National Grid
Bear Case

Investors should be bearish about investing in National Grid plc for these reasons:

The debt-to-equity ratio of National Grid plc is high at 161.24, which may raise concerns about the company's financial leverage and ability to manage debt effectively.
The PE ratio of National Grid plc is relatively high at 1,803.27, indicating that the stock may be overvalued compared to its earnings, potentially limiting immediate returns for investors.
The P/E/G ratio of 2.04 for National Grid plc suggests that the stock may be overpriced relative to its expected earnings growth, which could impact long-term investment returns.
The company's quick ratio of 0.34 and current ratio of 0.91 may indicate potential liquidity challenges for National Grid plc, which could affect its ability to meet short-term financial obligations.
While insider buying can be a positive signal, the recent insider selling of a significant number of shares by John Pettigrew may raise questions about the overall sentiment and future prospects of National Grid plc.

NG Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for National Grid is GBX 1,181.25, with a high forecast of GBX 1,330 and a low forecast of GBX 1,070.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for National Grid in the last twelve months. There is currently 1 hold rating, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NG shares.
: According to analysts, National Grid's stock has a predicted upside of 20.14% based on their 12-month stock forecasts.
: National Grid has been rated by research analysts at Berenberg Bank, Citigroup, and JPMorgan Chase & Co. in the past 90 days.
: Analysts like National Grid more than other "utilities" companies. The consensus rating for National Grid is Buy while the average consensus rating for "utilities" companies is Moderate Buy. Learn more on how NG compares to other companies.

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This page (LON:NG) was last updated on 11/7/2024 by MarketBeat.com Staff

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National Grid (NG) Stock Forecast & Price Target